State of Alaska Department of Revenue grew its position in shares of Delta Air Lines, Inc. (NYSE:DAL – Get Rating) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,084 shares of the transportation company’s stock after purchasing an additional 2,115 shares during the period. State of Alaska Department of Revenue’s holdings in Delta Air Lines were worth $2,667,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC lifted its stake in Delta Air Lines by 0.3% during the fourth quarter. MML Investors Services LLC now owns 71,502 shares of the transportation company’s stock worth $2,794,000 after purchasing an additional 227 shares during the last quarter. Landmark Wealth Management LLC bought a new stake in Delta Air Lines during the first quarter worth about $25,000. Family Legacy Inc. lifted its stake in Delta Air Lines by 5.7% during the first quarter. Family Legacy Inc. now owns 5,305 shares of the transportation company’s stock worth $210,000 after purchasing an additional 285 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its stake in shares of Delta Air Lines by 2.4% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 12,180 shares of the transportation company’s stock valued at $482,000 after acquiring an additional 288 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Delta Air Lines by 2.5% during the 4th quarter. Schroder Investment Management Group now owns 11,820 shares of the transportation company’s stock valued at $462,000 after acquiring an additional 291 shares during the period. Institutional investors own 67.90% of the company’s stock.
Delta Air Lines Stock Down 3.9 %
Shares of NYSE:DAL opened at $29.96 on Friday. Delta Air Lines, Inc. has a 52-week low of $28.09 and a 52-week high of $46.27. The firm has a market capitalization of $19.21 billion, a P/E ratio of 32.57 and a beta of 1.18. The stock has a 50 day moving average price of $32.47 and a 200-day moving average price of $35.32. The company has a debt-to-equity ratio of 6.01, a quick ratio of 0.59 and a current ratio of 0.66.
Insider Buying and Selling
In related news, Director David S. Taylor purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The shares were bought at an average price of $29.31 per share, for a total transaction of $293,100.00. Following the purchase, the director now directly owns 43,010 shares of the company’s stock, valued at approximately $1,260,623.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by company insiders.
Analyst Ratings Changes
DAL has been the subject of several analyst reports. Argus cut Delta Air Lines from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Jefferies Financial Group dropped their target price on Delta Air Lines from $50.00 to $45.00 in a report on Friday, July 15th. Susquehanna dropped their target price on Delta Air Lines from $47.00 to $35.00 and set a “positive” rating for the company in a report on Tuesday, July 12th. Berenberg Bank dropped their target price on Delta Air Lines from $54.00 to $48.50 in a report on Wednesday, July 20th. Finally, Barclays dropped their target price on Delta Air Lines from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.50.
About Delta Air Lines
Delta Air Lines, Inc provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
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